GVNR is a protocol that aims to be the cross-chain to connect all things Web3, and the company is raising funds on Republic.
According to the offering page, GVNR is offering a “Token Purchase Agreement,” a facility offered to issuers by Republic. The deal is you are buying an option to0 purchase tokens at some point in the future – somewhat like a SAFE. But unlike a safe, the offering is for the right to certain digital assets sold by GVNR DAO LLC. It is not an offering for shares, memberships or a partnership interest in GVNR DAO.
The GVNR token is described as follows:
“$GVNR is the native token that powers the entire GVNR network. It is not only a governance token, but also offers staking and payment utility. Designed from the ground-up for AI infrastructure, $GVNR will integrate with the growing network of AI agents to complete any action on-chain.”
The price per token is expected to be $1.75 to $2.50. Investors must commit a minimum of $500 to participate in the securities offering under Reg D. The token supply has been set at 20 million.
As it stands today, 47 investors have committed $124,903.
The GVNR Protocol aims to become the universal permissionless protocol for all chains, assets, etc. The decentralized network is said to operate across the entire crypto-sphere. The offering page says that GVNR will “reshape DeFi” into a “frictionless landscape” where “capital efficiency reigns supreme.”
The token offering is expected to close in a couple days on June 18th.
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